Beautiful easy trade today. Got bagged on one.

Msft, Gm Calls

+170

This post was edited by ElideN on Oct 22 2024 09:08am

Good morning. Whats at play?

MSFT again for me maybe.

Winners Today:

MCD
WMT
TSM

missed all the pops.

Out 4.60

nice one! any potential swings for friday or next week 11/1?

I dont know which one to trade.

This post was edited by ElideN on Oct 23 2024 10:40am

Trading day to day is really hard man. I RARELY do naked options, the stars have to align for me. These couple this month have been my only ones this year

I have been bearish for a bit and averaging into positions. For ex my largest position right now is sqqq at 7.11, gonna take profits on a part of this at close today. Even with todays action the vix is still under 20. The question will be if vix reclaims 20 then heads for the 30 historical October hit , or if 20 shuts it down and we resume uptrend

Those are the possibilities so you have to prepare in some way for either outcome

When you trade exclusively with options there are a number of variables inherently working against u. With vix being that high you have to nail time and direction or else you get slaughtered with vega crush

So I have been coming up with a shopping cart of stock names and will hold sqqq still to hedge

Watch the 10 year yield as well for clues on direction. Honestly I feel spy should retrace this whole move to 9/16 because that’s when yields started rising but we will see

This post was edited by Bazi on Oct 23 2024 11:36am

564. that low?

19.25 vix, possible uptrend tomorrow or fake out for more blood...

This post was edited by ElideN on Oct 23 2024 02:20pm

That would be seasonally consistent , but this has been a seasonally inconsistent October

Indices will get a boost from Tesla tomorrow. Whatever if any downside might come back Friday but I am a buyer if that happens

Very Bullish Pm. Let's see if it holds.